THG brings in new finance chief ahead of bleak looking year January 24, 2023 E-commerce giant THG has hired Damian Sanders as its new chief financial officer amid a recent slew of negative earning reports and a collapse in share price. Following a global search, the troubled British firm has landed on Sanders as the replacement for John Gallemore, who is moving over to the role of chief operating [...]
NYSE temporarily halts trading after glitch caused abnormal swings in share prices January 24, 2023 The New York Stock Exchange halted trading in dozens of stocks following market open this morning after an apparent glitch in its system. Morgan Stanley, AMC Entertainment, McDonalds and Unilever were among the major firms to have had their shares frozen by the exchange, according to its website. A number of other stocks were frozen [...]
Crown Estates sues Twitter over unpaid rent of its Piccadilly Circus HQ January 24, 2023 Twitter is being sued by the Crown Estates over unpaid rent relating to its Piccadilly Circus-based headquarters building. The Crown Estates manages property for King Charles III and the monarchy, which includes the 10m sq Twitter headquarters in central London. The estate filed the claim against Twitter Inc, which is also facing legal action over [...]
Eurostar announces new name and brand identity – as Eurostar January 24, 2023 Eurostar has unveiled its new brand identity complete with a logo, symbol and name: Eurostar. The high-speed rail line’s regeneration includes bringing in French-Belgian high-speed train operator Thalys and Eurostar under one company name, the Eurostar Group. Announcing the move on Tuesday, all of its 51 trains will carry a new star symbol by the [...]
Explainer: A very German stalemate over tanks for Ukraine January 24, 2023 You don’t need to be a defence expert to know something is up with Germany and tanks. Today, the German government has once again refused to commit to sending tanks to Ukraine – attracting further criticisms from its international friends and allies. The tanks row is nothing new – pressure on Germany has been piling [...]
London to get its own highline – as Camden looks to emulate Manhattan January 24, 2023 Camden’s green garden in the sky took a step closer to reality after charity Camden Highline was given the go-ahead for the first stage of a project that will transform a section of disused Victorian railway into an overhead park. Garden designer Piet Oudolf, working with the London Wildlife Trust, is leading the design and [...]
Millions at risk if household energy support package is cut in April, Utilita warns January 24, 2023 The government should maintain support packages at current levels to ease pressure on households, warned Utilita.
Eurostar forced to leave hundreds of seats empty on London routes to avoid Brexit-induced long queues January 24, 2023 Eurostar is being forced to leave hundreds of seats empty on trains to and from London to avoid long queues at stations, the cross-Channel train operator said. Chief executive Gwendoline Cazenave said a reduction in the number of border officials is driving an almost 30% increase in the time it takes to process passengers departing [...]
Fire and rehire: New government rules will not stop another P&O scandal, claim unions January 24, 2023 New rules against so-called “fire and rehire” practices in wake of the P&O scandal will not stop it from being repeated, trade unions have warned. Ministers have launched a consultation for a new code of practice for all employers, which would set out companies’ responsibilities when they seek to change contractual terms. The government is [...]
China’s reopening to fuel global aviation recovery with 44,000 plane deliveries expected over next 20-years January 24, 2023 China is set to be the engine for global aviation’s recovery after its reopening from Covid restrictions, with 44,500 new planes set to be delivered in the next 20 years. Data published today by aviation analytics firm Cirium shows the planes will be made in order to meet a 3.6 per cent annual passenger travel [...]
